Reply to s/o the 250-400k income thread...what are you saving each month?

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[quote=Anonymous]Our income is less than the brackets you propose, but our children are older.  We have two children.  Our current HHI is around $200k including bonuses and has been up and down averaging that for about the past 10 years (from $160k-$220K).  When our DC's were younger it was closer to $100k.  DH gets large bonuses about every third year and we have plowed most of those into the college funds, Roth IRAs and other savings vehicles.  We also had saved my entire take home salary for the three years prior to the first being born in anticipation.  One DC is currently in college and one will be next year.  First we saved enough for in state for both through 529s.  Then we added saving outside of educational vehicles in case they went out of state or private.  We have saved enough (along with what we could pay as they are in college for the six years) for them to go to any college they wanted.  If they have a strong feeling about a college, then we go with their first choice.  Fit is/ was an important consideration for them.  If they are wishy washy about their top three (or whatever)- then they can choose the less expensive one.  The oldest is currently at an out of state public school.  The youngest is leaning towards a fairly expensive private school but looks like it will be an excellent fit.

It hasn't been a walk in the park, both have had additional costs that were unexpected due to some special needs that needed to be addressed in order for them to be able to go to college and lead relatively normal independent adult lives.  One has ASD and one has multiple LDs which add another layer to the school decision process.

College is not supposed to be paid out of pocket, we have had two decades to plan and save.  [/quote]

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